The mysterious Appendix 3Y details director transactions. But how do you read and understand this form? Andrew Legget investigates

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No matter how much effort we put into researching a company, we’ll always have less information than those making the decisions on the inside. When such people buy or sell shares we should take notice. ‘What do they know that we don’t?’ is the question to ask.

To help you understand what these announcements may or may not reveal, let’s look at five real life ‘Change of Director's Interest Notices’.

The ASX has determined that investors have a ‘legitimate interest’ in director transactions. Its...

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